Feb 7, 2013 8:00am PST
on capitol hill right now on the a hearing for the benghazi terror attack where he addressed the pentagon's response to the assault on our consulate on september 11th. four americans, including our ambassador to libya, died in that attack. this comes just a day after mr. panetta emotionally charged parting speech to students at georgetown university where he blasted the massive defense cuts known as the sequester, set to go into effect just weeks from now. >> if sequester happens, let me tell you some of the results. we will furlough as many as 800,000 dod civilians around the country for up to 22 days. they could face a 20% cut in their salary. you don't think that will impact on our economy? you don't think that's going to impact on jobs? you don't think that's going to impact on our ability to recover from the recession? jon: mr. panetta also deliver ad stark warning about the scale and scope of cyber attacks on this country saying they could cripple the united states. >> we are literally the target of thousands of cyber attacks every day. every day. thousands of sigher about attacks t
Feb 22, 2013 11:00am EST
doing this from tsa to the pentagon and you have the white house, i believe, egging them on. it's in the white house' interest to create the most lurid possible story about what the cuts would mean. they want to put them off or substitute tax increases for them. jon: we heard ray lahood talking about airport patrol towers that will be unmanned from midnight on. frankly there are a lot of airport control towers unmanned from midnight on and pilots land anyway. >> the way these things were designed, they were designed to be stupid and designed to make it painful for both sides. so they do something else to reduce the deficit instead, that is not going to happen. the sequester is going to happen march 1st and i think after that at some point hopefully both sides will sit down and figure out a more rational way to allocate these cuts. these cuts should happen. if we can't gut 3% of the budget over ten years we moisture as well declare national bankruptcy right now. jon: interesting that its discretionary funding, and programs that are getting cuts, no cuts from mandatory spending. >
Feb 6, 2013 8:00am PST
than making them automatic meat cleaver cuts as so many worry about they would give the pentagon some discretion and latitude to target the spending cuts themselves. whether they will reduce the number of spending cuts that hit the pentagon and the dod that remains to be seen. what we do understand is in a few hours the republicans in both the house and senate will say let's give the pentagon some jurisdiction over these spending cuts rather than imposing automatic cuts that in some cases could do more damage than good. jon. jon: carl cameron on capitol hill in washington thank you. jenna: as the president looks for a short-term solution to the nation's spending problem the congressional budget office has come out with a new and quite frankly disturbing report about our financial situation, our soaring debt. right now our debt is at a record of more than $16 trillion. in just ten years the cbo says that number will grow to become 77% of what we produce, what our economy proceed dies. gdp. horry rolori rot man is with us. >> these projections are the latest evidence showing that our go
Feb 8, 2013 8:00am PST
the defense cuts especially, forcing this kind of draconian cuts on the pentagon, republicans would never go for. >> he thought it was going to be this ideal situation where it would be, it would inflict so much pain on both sides that both sides would then come to the table and want to bargain. problem is that the president's always talking about the balanced approach to our fiscal situation and our problems, and the republicans said, okay, in the fiscal cliff deal we'll give you your tax increases. so he has the tax hikes, but there have been no spending cuts. so now the republicans who actually for the first time in the obama presidency have the stronger hand, now they should come in and say, okay, you keep arguing for a balanced approach. we gave you your tax hikes, where are the spending cuts? and make him answer to that. jon: and has been pointed out many time, the additional money, the revenue as they like to call it that was raised by the that tax hike immediately got spent by the congress when they received the sandy aid bill. >> that's right. all in one shot it's been evaporateed.